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Avalanche Rates Grow Rapidly with Etna Upgrade on the Horizon
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The Avalanche blockchain, known for its layer-1 architecture, is seeing a dramatic increase in its daily network fees.
According to data from Token Terminal, these fees have grown fivefold in the last month, reflecting an increase in the number of daily transactions carried out on the platform.
The movement takes place at a strategic moment, with the long-awaited Etna update scheduled for December 16ththe.
The Etna update arrives shortly after the launch of Avalanche9000, an improvement that sought to increase interoperability between chains and facilitate the creation of new Layer 1s on the network.
Avalanche Trading Volume and Value
This sequence of developments shows that the ecosystem Avalanche is committed to attracting developers and users.
Recently, the Avalanche Foundation shared a statement celebrating the network’s growth.
In addition to rate growth, Avalanche’s daily trading volume has also reached notable heights. The network handled US$650 million in a single day, marking the highest volume since March.
This growth reflects increased interest in the network amid the market’s broader cryptocurrency rally.
At the same time, the network’s native token, AVAX, has more than doubled in value in the last 30 days. With an increase of 127% in the period, the asset follows the pace of adoption and development of blockchain, consolidating its position in the market.
The Etna update promises to improve the network’s efficiency and expand its functionalities. Experts expect the change to further boost Avalanche adoption, strengthening its position as one of the leading layer-1 blockchains.
Avalanche Rates Grow Rapidly with Etna Upgrade on the Horizon
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Avalanche Rates Grow Rapidly with Etna Upgrade on the Horizon
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Avalanche Rates Grow Rapidly with Etna Upgrade on the Horizon
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Avalanche Rates Grow Rapidly with Etna Upgrade on the Horizon
